FAMI trade ideas
$FAMI Farmmi Inc Current Resistance
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$FAMI Gann Wave Farmmi, Inc., together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus. It also operates Farmmi Jicai, an online store that sells edible fungi products under Forasen and Farmmi Liangpin brands. The company offers its products to restaurants, cafeterias, and local specialty stores, as well as through distributors. Farmmi, Inc. was founded in 2015 and is headquartered in Lishui, China.
FAMI - FARMMI Fundamental AnalysisBased on Fundamental Analysis the idea is to go long.
Based on technical Analysis: Prices are moving sideways resting after a bearish trend.
Fundamental News:
LISHUI, China, Aug. 14, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co., Ltd., has received new customer orders for its dried whole mushrooms and dried mushroom slices. The customer, an investment trading company, will export the mushrooms to the U.S. and Canada.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "These latest orders represent another positive development and reflect the long-term relationships we are focused on building. We are benefiting from increased global demand, as customers seek out healthier, organic foods. Mushrooms check all of the boxes, as a wonderfully tasting, fat-free, low calorie, low sodium, cholesterol-free nutritional food. We continue to leverage our team's decades of experience to ensure reliable, high quality, flavorful products. We are also leveraging our state-of-the-art facilities to increase automation and reduce human touch where possible. We are encouraged by the healthy demand levels we are seeing, which reflect an uptick in cook at home demand, where consumers buy ingredients and do alll preparations at home."
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company's Farmmi Liangpin Market serves as a global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products.
New Customer Orders for Export to the U.S. and CanadaFarmmi Receives New Customer Orders for Export to the U.S. and Canada
has received new customer orders for its dried whole mushrooms and dried mushroom slices. The customer, an investment trading company, will export the mushrooms to the U.S. and Canada.
finance.yahoo.com
fami: breakout from descending wedge to six dollars I believe that fami has already broken out of a descending wedge and is now looking to restest the apex for support. This currently sits at around 50 cents. The extrapolated price target for a confirmed breakout would be a high of six dollars. Not all in one day of course, or maybe.
